British jeweler Stuart Hughes has designed the world's most expensive iPhone, costing a staggering $8 million dollars.

Stuart is considered to be the pioneer of the world's most luxurious gadgets.

This particular gadget was designed for an Australian businessman.

Stuart told the Daily Mail that even he is surprised someone would spend so much on an iPhone.

"It is amazing that someone is prepared to spend $8 million on a phone, I doubt it will get used because it is worth so much money. It would be a disaster if it was ever lost," he said.

"The bezel is handmade from rose with approx 500 individual flawless diamonds which total over 100ct.The rear section is formed using rose gold with the added touch of its rose gold Apple logo and 53 diamonds. The main navigation is made from platinum which holds a single cut 7.4ct pink diamond. Also included (not shown in picture) is a rare 8ct single cut Flawless diamond which can replace the pink one. The chest which houses this unique handset is made from a single block of Granite , in Imperial Pink with the inner lined with Nubuck top grain leather , which weight is a massive 7kg.The handset is 32gb and limited edition of only 2 to be ever made."